Central Asset Investments & Management Holdings HK Ltd boosted its stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 111.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,950 shares of the company's stock after buying an additional 253,500 shares during the quarter. XPeng makes up about 16.8% of Central Asset Investments & Management Holdings HK Ltd's holdings, making the stock its biggest position. Central Asset Investments & Management Holdings HK Ltd owned approximately 0.05% of XPeng worth $9,945,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after purchasing an additional 532 shares in the last quarter. Atlas Capital Advisors Inc. raised its holdings in shares of XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after purchasing an additional 1,302 shares in the last quarter. Garde Capital Inc. bought a new position in shares of XPeng during the 1st quarter valued at $39,000. Natixis bought a new position in shares of XPeng during the 4th quarter valued at $43,000. Finally, Bayforest Capital Ltd raised its holdings in shares of XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock valued at $47,000 after purchasing an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on XPEV. Morgan Stanley set a $28.00 target price on shares of XPeng and gave the stock an "overweight" rating in a report on Thursday, June 12th. Sanford C. Bernstein set a $19.00 target price on shares of XPeng and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.40 to $24.00 in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.73.
Read Our Latest Stock Report on XPEV
XPeng Price Performance
Shares of XPeng stock opened at $21.38 on Tuesday. The firm has a market cap of $20.29 billion, a P/E ratio of -28.51 and a beta of 2.50. XPeng Inc. Sponsored ADR has a twelve month low of $6.60 and a twelve month high of $27.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.21. The firm's 50-day simple moving average is $18.80 and its 200-day simple moving average is $19.29.
XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($1.51) by $1.41. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. As a group, research analysts expect that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current fiscal year.
About XPeng
(
Free Report)
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.
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